Today, a typical family of four spends $897.20/month for food.† If inflation occurs at the rate of 2%/year over the next 4 years, how much should the typical family of four expect to spend for food 4 years from now? (Round your answer to the nearest cent.) $  per month

Calculus For The Life Sciences
2nd Edition
ISBN:9780321964038
Author:GREENWELL, Raymond N., RITCHEY, Nathan P., Lial, Margaret L.
Publisher:GREENWELL, Raymond N., RITCHEY, Nathan P., Lial, Margaret L.
Chapter2: Exponential, Logarithmic, And Trigonometric Functions
Section2.1: Exponential Functions
Problem 53E: Interest Ron Hampton needs to choose between two investments: One pays 6% compounded annually, and...
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Today, a typical family of four spends $897.20/month for food.† If inflation occurs at the rate of 2%/year over the next 4 years, how much should the typical family of four expect to spend for food 4 years from now? (Round your answer to the nearest cent.)
$  per month
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